FXCM says promptly notified CFTC of January 2015 capital shortfall

August 19, 2016 5:58 PM

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FXCM says promptly notified CFTC of January 2015 capital shortfall

NEW YORK U.S.-based retail broker Forex Capital Markets said on Friday it promptly notified the Commodity Futures Trading Commission and the National Futures Association of its capital deficiency on January 15 last year, when the Swiss National Bank moved to abandon the Swiss franc's peg to the euro.

The CFTC on Thursday filed a civil suit against FXCM (FXCM.N), saying it was under-capitalized for two days in January 2015, and failed to report its capital shortfall in a timely manner.

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